Acquisitions28 Sept 2026, 07:20 pm
Restile Ceramics Approves Share Capital Increase and BGCL Acquisition
AI Summary
Restile Ceramics Ltd's Board of Directors approved a significant increase in authorized share capital from ₹100 crore to ₹320 crore. The company also greenlit the acquisition of Bell Granito Ceramica Limited (BGCL) in tranches. The first tranche involves a cash consideration of up to ₹11.70 crore for 5.19% of BGCL and a share swap for 93.70% of BGCL, issuing 21.12 crore shares of Restile Ceramics. Post-acquisition, BGCL will become a subsidiary. A preferential issue of 21.12 crore shares for consideration other than cash is also approved in connection with the BGCL acquisition.
Key Highlights
- Authorized share capital increased from ₹100 Cr to ₹320 Cr.
- Approved acquisition of Bell Granito Ceramica Limited (BGCL).
- First tranche includes cash and share swap for BGCL acquisition.
- BGCL to become a subsidiary post-acquisition.
- Preferential issue approved for BGCL acquisition consideration.
Price Impact
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